Coca-Cola European Partners plc Files Annual Report on Form 20-F
March 15 2018 - 9:57AM
Business Wire
Coca-Cola European Partners plc (CCEP) (NYSE:CCE) announces that
on 15 March 2018 it filed its 2017 Annual Report on Form
20-F with the Securities and Exchange Commission. This document was
filed in accordance with Section 203.01 of the New York Stock
Exchange Listed Company Manual and includes CCEP’s audited results
for the year ended 31 December 2017. The unaudited
fourth-quarter and full year results for the period ended
31 December 2017 were previously released on
15 February 2018.
The 2017 Annual Report on Form 20-F was concurrently made
available on CCEP's website at
http://ir.ccep.com/financial-reports/coca-cola-european-partners-annual-reports
and also online at www.sec.gov.
Copies of the 2017 Annual Report on Form 20-F will be available
shortly at www.morningstar.co.uk/uk/NSM. Printed copies of the
Annual Report will be posted to those shareholders who have
requested it on or around 20 April 2018.
Pursuant to Disclosure Guidance and Transparency Rule 6.3.5R, a
summary of the principal risks and uncertainties, information
regarding related party transactions and a responsibility statement
are set out in the Appendices. Page references included herein
refer to page numbers in the 2017 Annual Report on Form 20-F.
References to notes to the financial statements refer to notes in
the 2017 Annual Report on Form 20-F. This announcement should be
read in conjunction with, and is not a substitute for reading, the
full 2017 Annual Report on Form 20-F.
ABOUT CCEP
Coca-Cola European Partners plc (CCEP) is a leading consumer
packaged goods company in Europe, producing, distributing and
marketing an extensive range of nonalcoholic ready-to-drink
beverages and is the world’s largest independent Coca-Cola bottler
based on revenue. Coca-Cola European Partners serves a consumer
population of over 300 million across Western Europe, including
Andorra, Belgium, continental France, Germany, Great Britain,
Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal,
Spain, and Sweden. The company is listed on Euronext Amsterdam, the
New York Stock Exchange, Euronext London, and on the Spanish stock
exchanges, and trades under the symbol CCE. For more information
about CCEP, please visit www.ccep.com and follow CCEP on Twitter at
@CocaColaEP.
APPENDIX A – PRINCIPAL RISKS AND UNCERTAINTIES
The Directors recognise that the Group’s risk management
programme is essential to understand the nature, scope, potential
likelihood and impact of enterprise-wide risks and to manage them
effectively, responding appropriately to the changing risk profile
of our operating environment. The Directors believe a strong risk
culture with a clear risk management programme in CCEP will ensure
well-informed business decisions are taken and risks are actively
managed throughout the Group.
The following is a summary of the Group’s Principal Risks and
Uncertainties that are included in the 2017 Annual Report on Form
20-F:
- Consumer Preferences and the Health
Impact of Soft Drinks
- Legal and Regulatory Intervention
- Business Integration and Synergy
Savings
- Cyber and Social Engineering
Attacks
- Market
- Economic and Political Conditions
- Relationship with The Coca-Cola Company
(“TCCC”) and Other Franchisors
- Product Quality
Our principal risks and uncertainties did not change materially
in 2017. For further details about our principal risks and
uncertainties please refer to pages 27 to 28 of the 2017 Annual
Report on Form 20-F.
APPENDIX B – RELATED PARTY TRANSACTIONS
Details regarding related party transactions can be found in
Note 18 of the Notes to the Consolidated Financial Statements on
pages 145 to 147 of the 2017 Annual Report on Form 20-F.
APPENDIX C – DIRECTORS’ RESPONSIBILITIES STATEMENT
(pages 92 and 93 of the 2017 Annual Report on Form 20-F)
Responsibility for preparing financial statements
The Directors are responsible for preparing the Annual Report
and the financial statements in accordance with applicable law and
regulations.
UK company law requires the Directors to prepare financial
statements for each financial year. Under that law the Directors
are required to prepare group financial statements in accordance
with International Financial Reporting Standards (IFRSs) as adopted
by the European Union and Article 4 of the IAS Regulations and have
elected to prepare the parent company financial statements in
accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom accounting standards and applicable law)
including FRS 101 “Reduced Disclosure Framework”. In preparing the
consolidated group financial statements the Directors have also
elected to comply with IFRSs as issued by the International
Accounting Standards Board (IASB).
Under section 393 of the Companies Act 2006 (the Companies Act),
the Directors must not approve the accounts unless they are
satisfied that they give a true and fair view of the state of
affairs of the Company and of the profit or loss of the Company for
that period.
In preparing the Company financial statements, the Directors are
required to:
- Select suitable accounting policies and
apply them consistently
- Make judgements and accounting
estimates that are reasonable and prudent
- Follow applicable UK Accounting
Standards (except where any departures from this requirement are
explained in the notes to the parent company financial
statements)
- Prepare the financial statements on the
going concern basis unless it is inappropriate to presume that the
Company will continue in business
In preparing the Group financial statements in accordance with
IAS 1, “Presentation of Financial Statements”, the Directors are
required to:
- Select suitable accounting policies and
apply them consistently
- Present information, including
accounting policies, in a manner that provides relevant, reliable,
comparable and understandable information
- Provide additional disclosures when
compliance with the specific requirements in IFRS are insufficient
to enable users to understand the impact of particular
transactions, other events and conditions on the entity’s financial
performance
- Make an assessment of the Group’s
ability to continue as a going concern
The Directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Company’s
transactions and disclose with reasonable accuracy at any time the
financial position of the Company and enable them to ensure that
the financial statements comply with the Companies Act. They are
responsible for safeguarding the assets of the Company and hence
for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The Directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Company’s website. Legislation, regulation and practice in the UK
governing the preparation and dissemination of financial statements
may differ from legislation, regulation and practice in other
jurisdictions.
Responsibility statement
The Directors, whose names and functions are set out on pages 45
to 49, confirm that to the best of their knowledge:
- the financial statements, prepared in
accordance with the relevant financial reporting framework, give a
true and fair view of the assets, liabilities, financial position
and profit or loss of the Company and the undertakings included in
the consolidation taken as a whole;
- the management report includes a fair
review of the development and performance of the business and the
position of the Company and the undertakings included in the
consolidation taken as a whole, together with a description of the
principal risks and uncertainties they face; and
- the Annual Report and financial
statements, taken as a whole are fair, balanced and understandable
and provide the information necessary for shareholders to assess
the Company’s position and performance, business model and
strategy.
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Coca-Cola European Partners plcCompany SecretariatClare Wardle,
+44 (0)20 7355 8406orInvestor Relations:Thor Erickson, +1
678-260-3110orMedia Relations:Shanna Wendt, +44.7976.595.168
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